Washington DC Homeowner’s Owe More
Than what they have in the bank that is, which simply means they owe banks more than what their homes are worth which is one of the long running trends of today. The bailout money has started to come through to homeowners but even with the financial aid and tax cuts, it seems it still isn’t enough for these families to get by. Banks have all but stopped letting cash out for home buyers due to their high exposure to the housing crisis that has so crippled the US. (more…)